Twitter to Raise $100 Million More; Valued at $1 Billion

by Truemorist | September 24, 2009 at 02:57 pm

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Twitter is about to close $100 million in new venture capital, and will be valued at $1 billion, which is four times its previous valuation. Holy sh^t. This is mind-boggling, as they still have no business plan. Has Twitter become "too big to FAIL"? Remember: the Fail Whale doesn't care how much money you have when it comes a-calling.

Other investors in this round include venture-capital firms Spark Capital and Institutional Venture Partners, which have previously invested in Twitter.